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Standard Chartered seeks stoppage of environmental degradation

By Michael Eboh
Standard Chartered Bank Plc has called for concerted efforts by businesses in Nigeria and governments at all levels to address the issue of global warming and environmental degradation

To this end, according to a statement by the bank,, signed by Mr. Diran Olojo, Head, Corporate Affairs, the bank has lined up series of activities to support the celebration of the World Environment day, in a bid to raise awareness on climate change and encourage positive action to tackle its impact on the environment.

He noted that among activities lined up is the sponsorship of the premiere of a documentary that was shown at the Silverbird Galleria, June 2, 2010, titled ‘Global Warming: Nigeria Under Attack’, by Desmond Majekodunmi.

He said that the documentary was followed by session to discuss Nigeria’s environmental issues and an art exhibition with the theme ‘Environment’.

Olojo further stated that members of staff of the bank, in partnership with the British council, will on World Environment Day, which is Saturday, June 5, 2010,  participate in an environmental awareness walk with the theme “Walk for life”.

He noted that the walk will be used to create awareness about the negative impact of environmental degradation and reiterate the fact that all hands need to be on deck to reverse the damage and end the degradation.

The statement quoted Christopher Knight, Chief Executive Officer, Standard Chartered Bank Nigeria as saying that the bank will participate in a tree planting exercise on Lateef Jakande Road, Agidingbi, Ikeja on Friday, June 4, 2010.

He explained that the tree-planting exercise will be done in partnership with the Lagos State Government, and which will see the bank planting 800 Eucalyptus tree seedlings on the stretch of the road, adding that 80 seedlings for each year the bank has operated in Nigeria.

He said, “Combating the impacts of climate change requires a concerted effort between businesses, companies and individuals. World Environment Day is a great opportunity to illustrate our commitment to positive action.

“I’m proud to see the enthusiasm of our employees to do their part on this day. This initiative amplifies our commitment to our brand promise ‘Here for good.’”

“As a major bank operating in more than 70 countries, Standard Chartered most significant impact on the environment is through the businesses it finances.  Standard Charted requires its customers to meet standards that are considerate of society and the environment.
“In 2009, the bank increased its investment in renewable energy and low carbon technologies as part of its Clinton Global Initiative commitment.


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